November 15, 2019 Headlines

Treasury yields are drifting higher this morning following a relatively quiet overnight session. S&P 500 futures are currently up 0.27%. There were positive trade comments from White House economic advisor Larry Kudlow last night, saying that a phase-one trade deal with China is “coming down to the short strokes.” Kudlow’s comments at least partially relieve market anxiety following President Trump’s threats of higher tariffs earlier this week should the deal not be consummated. Retail sales rebounded in October, rising 0.3% (0.2% expected) after at 0.3% decline the prior month. The retail sales control group, which is used in the GDP calculation, also rose 0.3% over the month following a 0.1% decline in September.

Jason Haley
Managing Director, Investment Management Group

DateEventSurveyActualPriorRevised
11/12/2019NFIB Small Business Optimism102102.4101.8
11/13/2019MBA Mortgage Applications9.60%-0.10%
11/13/2019CPI MoM0.30%0.40%0.00%
11/13/2019CPI Ex Food and Energy MoM0.20%0.20%0.10%
11/13/2019CPI YoY1.70%1.80%1.70%
11/13/2019CPI Ex Food and Energy YoY2.40%2.30%2.40%
11/13/2019CPI Core Index SA265.074265.011264.595
11/13/2019CPI Index NSA257.227257.346256.759
11/13/2019Real Avg Weekly Earnings YoY0.90%0.90%1.00%
11/13/2019Real Avg Hourly Earning YoY1.20%1.20%1.30%
11/13/2019Monthly Budget Statement-$130.0b-$134.5b-$100.5b
11/14/2019PPI Final Demand MoM0.30%0.40%-0.30%
11/14/2019PPI Ex Food and Energy MoM0.20%0.30%-0.30%
11/14/2019PPI Ex Food, Energy, Trade MoM0.20%0.10%0.00%
11/14/2019PPI Final Demand YoY0.90%1.10%1.40%
11/14/2019PPI Ex Food and Energy YoY1.50%1.60%2.00%
11/14/2019PPI Ex Food, Energy, Trade YoY1.50%1.70%
11/14/2019Initial Jobless Claims215k225k211k
11/14/2019Continuing Claims1683k1683k1689k1693k
11/14/2019Bloomberg Consumer Comfort5859.1
11/14/2019Mortgage Delinquencies3.97%4.53%
11/14/2019MBA Mortgage Foreclosures0.84%0.90%
11/15/2019Empire Manufacturing62.94
11/15/2019Import Price Index MoM-0.20%-0.50%0.20%0.10%
11/15/2019Import Price Index ex Petroleum MoM0.00%-0.10%-0.10%0.00%
11/15/2019Import Price Index YoY-2.20%-3.00%-1.60%-2.10%
11/15/2019Export Price Index MoM-0.10%-0.10%-0.20%
11/15/2019Export Price Index YoY-2.20%-1.60%
11/15/2019Retail Sales Advance MoM0.20%0.30%-0.30%
11/15/2019Retail Sales Ex Auto MoM0.40%0.20%-0.10%
11/15/2019Retail Sales Ex Auto and Gas0.30%0.10%0.00%-0.10%
11/15/2019Retail Sales Control Group0.30%0.30%0.00%-0.10%
11/15/2019Industrial Production MoM-0.40%-0.80%-0.40%-0.30%
11/15/2019Manufacturing (SIC) Production-0.70%-0.60%-0.50%
11/15/2019Capacity Utilization77.00%76.70%77.50%
11/15/2019Business Inventories0.10%0.00%0.00%-0.10%

 

 

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